Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Wednesday, February 1, 2012

Banca Transilvania (TLV) Tehnical Analysis 2012.02.01

The previous analysis of Banca Transilvania company ( ) showed the possibility of a price rise targeting at 0.9590 RON and 1.0000 RON.

After just a few days, TLV shares price broke the first target and it heads to the second. Daily support is now at 1.0000 RON/share (if the price will drop below it, this can be used as exit/sale signal) while the 0.9400-0.9590 RON area offers a stronger support for the next weeks.

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